2 weeks Ago By Defense World Staff
Rhumbline Advisers decreased its position in Red Robin Gourmet Burgers, Inc. ( NASDAQ:RRGB – Free Report ) by 58.8% during the second quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 7,883 shares of the restaurant operator’s stock after selling 11,249 shares during the quarter. Rhumbline Advisers owned approximately 0.05% of Red Robin Gourmet Burgers worth $60,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Red Robin Gourmet Burgers in the first quarter worth about $25,000. PNC Financial Services Group Inc.
increased its holdings in Red Robin Gourmet Burgers by 57.9% in the 4th quarter. PNC Financial Services Group Inc.
now owns 6,791 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 2,491 shares in the last quarter. Virtu Financial LLC bought a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $149,000. Quadrature Capital Ltd bought a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $166,000.
Finally, BNP Paribas Financial Markets lifted its holdings in Red Robin Gourmet Burgers by 48.0% during the first quarter. BNP Paribas Financial Markets now owns 37,259 shares of the restaurant operator’s stock valued at $285,000 after purchasing an additional 12,082 shares in the last quarter.
Institutional investors own 84.04% of the company’s stock. Analysts Set New Price Targets A number of equities research analysts have commented on the company.
Craig Hallum decreased their price target on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating on the stock in a report on Friday, August 23rd.
Lake Street Capital decreased their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd.
Finally, Benchmark dropped their price target on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th.
One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $13.
13. Red Robin Gourmet Burgers Stock Up 0.5 % RRGB opened at $4.
41 on Tuesday. The company has a market cap of $69.17 million, a P/E ratio of -2.
51 and a beta of 2.74. The firm’s 50-day moving average price is $4.
49 and its 200-day moving average price is $6.15. Red Robin Gourmet Burgers, Inc.
has a 52-week low of $2.97 and a 52-week high of $12.80.
Red Robin Gourmet Burgers ( NASDAQ:RRGB – Get Free Report ) last released its quarterly earnings data on Thursday, August 22nd. The restaurant operator reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.
41) by ($0.07). The firm had revenue of $300.
15 million for the quarter, compared to analyst estimates of $295.57 million. During the same quarter in the prior year, the business earned ($0.
24) earnings per share. On average, research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.
37 EPS for the current fiscal year. About Red Robin Gourmet Burgers ( Free Report ) Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.
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